110 ILCS 923/1
Short title
Short title. This Act may be cited as the Child Welfare Student Loan Forgiveness Act. (Source: P.A. 94-497, eff. 1-1-06.)
Illinois Compiled Statutes 110 ILCS 923 — Child Welfare Student Loan Forgiveness Act.
Illinois · statute · 110 ILCS 923 · 7 active provisions
110 ILCS 923/5
Purpose
Purpose. The purpose of this Act is to attract capable and promising students to the child welfare profession, increase employment and retention of individuals who are working towards or who have received either a bachelor's degree or a master's degree in social work or any human services subject area that qualifies th…
110 ILCS 923/10
Definitions
Definitions. In this Act: "Commission" means the Illinois Student Assistance Commission. "Contracting agency" means an agency that the Department of Children and Family Services contracts with for the provision of child protective services. "Forgivable loan" means a higher education student loan that a person has incur…
110 ILCS 923/15
Establishment of program
Establishment of program. There is created the Child Welfare Student Loan Forgiveness Program to be administered by the Illinois Student Assistance Commission. The program shall provide loan assistance, subject to appropriation, to eligible students for upper-division undergraduate and graduate study. The Commission sh…
110 ILCS 923/20
Maximum loan time period; maximum loan amount
Maximum loan time period; maximum loan amount. (a) Subject to appropriation, an undergraduate forgivable loan may be awarded for a maximum of 2 academic years. The amount of this loan shall not exceed $4,000 per year. (b) Subject to appropriation, a graduate forgivable loan may be awarded for a maximum of 2 academic ye…
110 ILCS 923/25
Eligibility
Eligibility. (a) To be eligible for assistance under the Child Welfare Student Loan Forgiveness Program, an applicant for an undergraduate forgivable loan must meet all of the following qualifications: (1) Be a full-time student at the upper-division undergraduate level in a social work program approved by the Council…
110 ILCS 923/30
Repayment schedule; credit; penalty for non-compliance
Repayment schedule; credit; penalty for non-compliance. (a) A forgivable loan must be repaid within 10 years after completion of the approved or accredited social work or human services program. The Commission shall adopt, by rule, repayment schedules and applicable interest rates. (b) Credit for repayment of a forgiva…